Gate.io AMA with Deri Protocol-Deri, Your Option, Your Future
Time: Nov 29th, 2021, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with 0xAlpha, Co-Founder and CEO of Deri Protocol in the Gate.io Exchange Community.
Official Website: https://deri.io/#/index
Twitter: https://twitter.com/DeriProtocol
Follow Deri Protocol on Twitter and Telegram
Guest
0xAlpha — Co-Founder and CEO of Deri Protocol
Q&A from Gate.io
Q1: Can you please introduce yourself to the community and tell us about your project?
0xAlpha: Oh sure! Hello again, the gate buddies, I am 0xAlpha, the Co-founder and CEO of Deri Protocol.
Our project is Deri Protocol, in which DERI is short for derivative. We like to describe Deri with a “formula”:
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
Recently we are honored to be one of the MVB III Monthly Star August and excited to join BSC 1$ Billion growth funds among the first pilots.
Q2: We noted that to celebrate this, Deri has announced a “Trade to Earn” to encourage traders to trade Perpetual Futures and Everlasting Options on #BSC, could you share more information about the campaign?
0xAlpha: Yep!
Welcome to join this party! (still not late at all!)
Here is the relevant info:
Total Rewards: $ 1,000,000 in DERI
Event page:
https://app.deri.finance/#/trade-to-earn
You can find the latest information about the trade to earn on Twitter “https://twitter.com/DeriProtocol ” and telegram group: https://t.me/DeriProtocol
Check details here: https://twitter.com/DeriProtocol/status/1448227007788208131
Again, welcome to join the party! all you need to do is to come & trade on Deri!
Q3: We know that Deri’s everlasting options launched on Sep. 1, please tell us something about it, and what is the core advantage?
0xAlpha: Here is the deal.
Compared to the classic option in both DeFi and CeFi, the most important feature of Deri’s everlasting options is when you trade everlasting options, there is no need to roll. This is not the case when you trade classic options. If you want to keep your position across the expirations, you always need to roll again and again. For everlasting options, because it is everlasting, you don’t need to roll it as long as you paid the funding fee to maintain your position.
And because of the same reason, the expiration dimension is removed (meaning there are options of different expirations), all the different dimensions are consolidated into a single one, consequently, no liquidity fragmentation for that. It’s a huge improvement in terms of capital efficiency.
Deri Everlasting Options is the first-ever, not just in the DeFi world, but also in the whole financial world, including traditional finance. Even though this is the very new one, we believe there is huge market potential, we launched this on September first, and the total trading volume has surpassed 2 billion. This is even in the stage when people are still learning this new staff.
Here is a very simple comparison of the everlasting options provided by Deri Protocol, and some other Defi projects.
Q4: Deri Protocol provides the two major products, one is the everlasting options, the other is perpetual futures, now let’s dive into the perpetual futures, what is it all about?
0xAlpha: Perpetual futures are the dominant derivative in the crypto world. I am sure most of you are familiar with it. Our perpetual futures are similar to the ones traded on the centralized exchanges, except it’s DeFi.
For the perpetual futures, we divide it into three zones, first one is the main zone, which is to trade perpetual futures of the top, mainstream cryptocurrencies like BTC, ETH, and BNB.
What’s special about the Deri perpetual futures? For the main zone, it supports dynamic mixed margin, dynamic liquidity providing. What does that mean? It means several kinds of base tokens are supported.
Currently, it already supports BUSD, BNB, and CAKE. In the future it’s going to support more, you can choose any one of them or several of them to either deposit as margin to do your trading, or deposit to provide liquidity.
As mentioned, there are three trading symbols in the main zone, BTC,ETH, and BNB; they actually share the same piece of liquidity.
With all these features consolidated, Deri’s perpetual futures actually achieve extreme capital efficiency, capital efficiency that is even better than most of the centralized exchanges of derivatives.
(And we are continuing to optimize that!)
Also we have the so-called “Inno zone”. Inno zone is a space to experiment new trading symbols, basically, it is to track all hot spots which are currently hot on the spot market space, AGLD, MBOX, AXS, and so on and on.
Besides the main zone and Inno Zone, we also have the open zone, which is our permissionless market. Just like Pancake for spot trading, where you can add and define your own trading pairs, on Deri protocol’s open zone, you can launch your own trading pool to trade whatever trading symbols as long as there is an oracle supporting the price feed.
Q5: Can you share information about DERI tokenomics?
0xAlpha: Ultimate Total Supply (Fully Diluted Total Supply) is 1,000,000,000 consists of a non-mining (preallocation) part of 400,000,000 DERI tokens and a mining part of 600,000,000 DERI tokens.
for more detailed info please refer to our documents:
https://docs.deri.finance/tokenomics
For more information about Deri, please follow our social media and stay tuned
Twitter: https://twitter.com/DeriProtocol
Telegram: https://t.me/DeriProtoco
Website: https://deri.finance /
